Currently viewing Global edition

Phoenix boosts economics for Empire mine

An updated economic model for Phoenix Copper’s Empire mine in Idaho has boosted the project’s post-tax NPV by nearly 60% to US$88 million, with the IRR rising from 33% to 47%.

Phoenix boosts economics for Empire mine Phoenix boosts economics for Empire mine Phoenix boosts economics for Empire mine Phoenix boosts economics for Empire mine Phoenix boosts economics for Empire mine

Phoenix Copper's Empire mine in Idaho, US

The new economic model outlines an initial ten-year life of mine, processing 2.1 million tonnes of ore over the first seven years. Average annual copper production is estimated at 8,550 tonnes.